Health Care

VOICES FROM THE INDUSTRY: Upon further review ... new reasons for old buildingsRestricted Content

September 3, 2007
Don Altemeyer
Buildings, just like people, have lives. They're born, they do their jobs, they take on new roles and, after about 75 years, most of them reach the end. Sadly, some beautiful ones die too soon, while a few ugly ones live too long. How should we decide when to save a building or when to tear it down? And have the reasons changed? The terms of renovation are well-known (adaptive re-use, mixed-use development and historic preservation). When our actions meet...
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VOICES FROM THE INDUSTRY: Choosing renovation or new construction a tough decisionRestricted Content

September 3, 2007
Fred J.
Sooner or later, in the life of almost every building owner, there comes a time when a structure has outlived its usefulness in its current condition. A choice between two options must be made. Do we renovate or do we demolish and build something totally new? The answer is by no means easy or automatic. Confronted with these options, an owner must grapple with a host of issues. The following sample is not exhaustive but may prove helpful as a...
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EYE ON THE PIE: Should fees replace property taxes?Restricted Content

August 27, 2007
Morton Marcus
So you want to be a boxer in Indiana? There's a $10 fee to be paid every other year for the privilege. That's a lot lower than the twoyear fee of $100 paid by architects. A driver's license is good for five years and costs just $19.50. Whereas your aircraft bears a $10 annual registration fee, your passenger car has a $20.75 annual state fee. If you want to support a special cause, the Bureau of Motor Vehicles charges a...
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ECONOMIC ANALYSIS: How Indiana's industrial economy looks to a newcomerRestricted Content

August 27, 2007
Mike Hicks
This week marks the start of my tenure as director of Ball State University's Bureau of Business Research. I take over from Pat Barkey, whose thoughts on the state's economy have long graced this column. His will be hard shoes to fill. I have read over many of Pat's old columns, and the one thing that stands out is how much we agree on the issues facing the state-and their solutions. Contrary to the old stereotypes, hard-headed economists usually come...
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New high school puts focus on workplace: Cristo Rey gives students taste of real employmentRestricted Content

August 27, 2007
Tracy Donhardt
Terry Majors wants to make a name for himself in the business community, and he's confident he's well on his way to being successful. Making eye contact, he shakes hands firmly and confidently. He's dressed neatly and professionally in a white, buttondown shirt and tie. His shoes are well-polished. He speaks in a friendly, yet authoritative, voice about a new job he will soon start. "It's all about choices," he says philosophically of life, as if he's been making choices...
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Busy Lauth develops into national power: Hoosier entrepreneurs fuel growth at real estate firmRestricted Content

August 13, 2007
Cory Schouten
Before they had fancy suits or fast cars, the four owners of Lauth Property Group were resourceful teen-agers, busy finding ways to make money. Chairman Bob Lauth, President Michael Curless and CEO Greg Gurnik each started neighborhood lawn-care businesses. The company's treasurer and chief accounting officer, Larry Palmer, hawked programs at the Indianapolis Motor Speedway. At the time, their hard work and entrepreneurial instincts helped scrounge up date money. In the last few years, it's helped them turn Indianapolis-based Lauth...
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NOTIONS: Health: another troubled bridge over U.S. watersRestricted Content

August 13, 2007
Bruce Hetrick
On a bookshelf in my office, I display a box of Kraft Macaroni & Cheese, three packs of Benson & Hedges cigarettes and the program from my late wife's memorial service. I display the pasta because, until the company was spun off earlier this year, Kraft Foods was part of Altria Group. I display the Benson & Hedges because that brand is part of Phillip Morris USA, which is also part of Altria Group. I display the memorial-service program because...
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Prescription drug abuse on the riseRestricted Content

August 13, 2007
J.K. Wall
When the Department of Justice slapped St. Vincent Indianapolis Hospital with a $1.2 million fine last month, it stunned local medical professionals. But the issue behind St. Vincent's troubles is no surprise. The diversion of prescriptions drugs from the medical field into recreational use is a widespread problem in Indiana and the nation.
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ECONOMIC ANALYSIS: How tax reform could fix ailing health care systemRestricted Content

August 6, 2007
Patrick Barkey
Will a new president and the next Congress finally take meaningful action to address the financial storm looming for health care? Perhaps. In the meantime, the pressures created by rising health care costs have been too strong for everyone else to wait. Businesses have been adapting to rising premiums for employer-provided coverage in predictable ways. And beginning with Massachusetts, states are responding to rising Medicaid costs by crafting solutions of their own. But much of the solution, whatever shape that...
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Local elder care service courts working care givers: My Health Care Manager partners with local firms to reach children of aging parents on the jobRestricted Content

August 6, 2007
J.K. Wall
Local startup My Health Care Manager has found a faster way to get its elder-care message out. It has persuaded five local employers to direct their workers to My Health Care Manager if they need help finding and coordinating care for one of their aging parents. As of Aug. 1, law firms Barnes & Thornburg, Ice Miller and Hall Render Killian Heath & Lyman, accounting firm Katz Sapper & Miller and the Indianapolis office of the Publicis advertising firm all...
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STARTUP GAZELLE WEB & CONSULTING LLC: Entrepreneur offers to help entrepreneursRestricted Content

July 30, 2007
-Amanda Getchel
STARTUP GAZELLE WEB & CONSULTING LLC Entrepreneur offers to help entrepreneurs Type of business: Consults with startup and growing companies Location: 885 Waveland Lane, Greenwood Phone: 450-7746 E-mail: lott.brandon@gmail.comWeb site: www.gazellewebandconsulting.comFounded: December 2006 Owner: Brandon Lott Owner's background: Lott, 33, grew up in the south side of Indianapolis and graduated from Indiana University in 1998 with a health care degree. He went to New York in 2005 to work as an operations manager for retailer Alan Flusser Custom Shop, but...
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ECONOMIC ANALYSIS: The link between taxes and high health care costsRestricted Content

July 30, 2007
Patrick Barkey
"Things that can't go on forever don't." If those famous words of the otherwise obscure Nixon-era economic adviser Herbert Stein apply to anything, it is health care spending. Most of us recognize that health care is expensive, breaking the budgets of many households, pressuring businesses and even challenging the spending capacity of giant federal programs like Medicare and Medicaid. What is less clear is why this is so, and what can, or should, be done about it. We spent more...
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Regulator's cheerleading chided as 'inappropriate': August event will promote health savings accountsRestricted Content

July 23, 2007
J.K. Wall
Not yet a believer in health savings accounts? Not to worry. The Indiana Department of Insurance is here to convert you. The insurance regulatory arm of Gov. Mitch Daniels' administration is staging a symposium Aug. 3 to educate employers on the benefits of health savings accounts. Employers are increasingly pairing the tax-favored accounts, stuffed with a couple thousand dollars for each employee, with high-deductible health insurance as a lower-cost alternative to health plans with co-pays. Most employers also pay for...
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Strides taken in life sciences, experts say: Industry panel: Thanks to ongoing efforts, Indiana has experienced serious progress as biomedical hotbed during last 5 yearsRestricted Content

July 23, 2007
Five leaders of Indiana's life sciences industry offered their perspectives at the Indiana Convention Center June 26 as part of the Indianapolis Business Journal's Power Breakfast Series. The panelists: Mike Arpey, managing director of global investment bank Credit Suisse's Asset Management Division and manager of the $73 million Indiana Future Fund for BioCrossroads, the state's life sciences economicdevelopment initiative. Ron Ellis, co-founder, president and CEO of Lafayettebased Endocyte Inc., a biotechnology company focused on the treatment of cancer through receptor-targeted...
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Benicorp halts new sales to fix system woes: Complaints, losses mount at local health insurerRestricted Content

July 23, 2007
J.K. Wall
Locally based Benicorp Insurance Co. stunned health benefits professionals this month by distributing a simple memo. The small provider of group health insurance and benefits administration services announced a moratorium on new business until the company resolved problems with a new claims-processing system. "It's highly unusual," said Sheri Alexander, manager of employee benefits at Gregory & Appel, an Indianapolis insurance brokerage. More than 180 complaints have been filed against Benicorp since Jan. 1, according to records at the Indiana Department...
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NOTIONS: A property tax sigh of relief and a reform wish listRestricted Content

July 23, 2007
Bruce Hetrick
The nightstand clock reads 5:17. Too early to wake up. But hey, I've been tossing and turning for hours, so why lie here any longer, pretending? The cause for this night's insomnia is money. Money for two kids starting college. Money to replace the Money to paint the house. Money for employees' salaries. Money for employees' parking. Money for employees' retirement. Money for employees' health insurance. Money for their families' health insurance. Money to get the yellow highway paint off...
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Startup drug firm lands veteran help: Immune Works, a fledgling firm with a promising lung drug, attracts former Indiana Health Industry Forum leader LangeRestricted Content

July 23, 2007
Scott Olson
A startup firm using Indiana University medical research to treat a fatal lung disease is raising money for clinical trials and has recruited a prominent life sciences veteran to lead the effort. Michael Klemsz, an associate professor at the IU School of Medicine, and Dr. David Wilkes, director of the school's Center for Immunobiology, founded Immune Works LLC in January 2006 along with Ronald Meeusen. Meeusen, a former Dow-AgroSciences researcher and BioCrossroads executive, served as a part-time president and CEO...
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VOICES FROM THE INDUSTRY: For a healthier economy, we need healthier HoosiersRestricted Content

July 23, 2007
Mark Miles
Indiana needs a trip to the doctor-and a stern lecture when we get there. We're among the nation's unhealthiest states. More than one of every four Hoosiers is obese, and we rank among the 10 worst states for smoking and high cholesterol. The outcomes should come put more stress on the system and drive up prices and premiums for everyone. Gov. Daniels has signed a progressive bill that provides affordable health insurance with a medical savings account plan to Hoosiers...
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Indiana's life sciences resources to be catalogued:Restricted Content

July 23, 2007
Tracy Donhardtreporter
An idea fermenting for some time in the minds of several Indiana Health Industry Forum insiders has solidified into a plan to catalogue all life sciences-related resources across the state. The not-for-profit group, which promotes economic development in the health care and life sciences industries, will use the information to create strategies for communities, regions and the state to boost Indiana's growth in the industry. Companies including Eli Lilly and Co., Roche Diagnostics and Zimmer Holdings have put the state...
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Speeding Toward Better Health: Regenstrief Institute continues to fine-tune a medical-records system that many think could someday become a national modelRestricted Content

July 16, 2007
J.K. Wall
Regenstrief Institute continues to fine-tune a medical-records system that many think could someday become a national model The Regenstrief Institute is a racing team. Only instead of drivers and grease monkeys, the Indianapolis-based medical research group has doctors and computer geeks. And instead of a race car, Regenstrief runs a massive computer database with 35 years of medical records from Indianapolis-area patients. But Regenstrief's mission is still all about speed. The not-for-profit is driving to discover better ways to care...
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Methodist, Decatur hospitals team up at Honda site: Providers supplying on-site, off-site health care to construction workers on $500 million auto plant projectRestricted Content

July 16, 2007
Ed Callahan
A major construction project is like a football game-no matter how careful everyone is, sooner or later someone is going to get hurt, at least a little. Indianapolis-based Methodist Occupational Health Centers Inc., which is part of Clarian Health Partners, is partnering with Decatur County Memorial Hospital to provide an answer to this problem at the Honda automobile plant construction site in Greensburg. The two institutions are providing on-site medical services and offsite treatment facilities for workers at the $550...
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EYE ON THE PIE: Health care and the pursuit of happinessRestricted Content

July 16, 2007
Morton Marcus
Some people believe the Fourth of July grants them liberty to disturb the night with their firecrackers. My pursuit of happiness is in conflict with theirs and I want them jailed. We all gladly infringe on the liberties of others while in pursuit of our own happiness. For example, should motorcyclists wear helmets? Yes, if all of us expect to pay their hospital bills (through higher premiums) and maintain them on disability after they have head injuries that might be...
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Richest soon may assume larger share of tax burden: BULLS & BEARSRestricted Content

July 16, 2007
Ken Skarbeck
The rise in property taxes and a doubling of the Marion County income tax have residents steaming. Yet as IBJ columnist Ron Gifford noted in his column last week, you can argue about which taxes legislators should increase-whether on property, income or sales-but the fact is that governments need more revenue, and, therefore, a variety of taxes are rising. Paying tax is not the most pleasant of human endeavors. However, in a capitalistic society, taxes are necessary and, when applied...
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Physician assistants taking on larger role: New law allowing prescribing power makes profession more appealingRestricted Content

July 16, 2007
Scott Olson
Indiana's physician assistants received a collective shot in the arm earlier this month when their authority to prescribe medicine to patients became effective. The profession had long lobbied lawmakers for the right before the Legislature relented with the passage of House Bill 1241 this year. July 1 officially marked the milestone in which Indiana became the last state in the nation to grant prescribing powers to physician assistants. "It's the right thing to do," said Dr. John Lucich, director of...
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WEDJ one year later: Ratings more than double: Revenue growth pushes Hispanic station toward recordRestricted Content

July 9, 2007
Anthony Schoettle
After years languishing as a ratings bottom feeder, WEDJ-FM 107.1 is quickly moving up the radio charts with its Hispanic format and is positioned to crack the market's top 10 stations. Since local radio veteran Russ Dodge was hired as general manager in late April 2006, WEDJ's rating for area listeners 12 and older has more than doubled, from 1.0 to 2.1, according to New York-based Arbitron Co. WEDJ's morning show is ranked No. 3 with listeners ages 18 to...
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  1. The Affordable Care Act is not the reason for the slow recovery and lack of high paying jobs for low skill workers. This is a trend that has been going since the early 80's. The recovery is real in the sense that GDP has been growing steadily at a rate of roughly 2.5% since the recession ended in late 2009 (newsflash, the stimulus worked) and the unemployment has been steadily dropping. The reason issue we are facing deals with a skills gap (not enough workers with the right credentials / experience) and wage stagnation due to corporate America being focused solely on maximizing profits for shareholders and not caring about the American middle class. Why should they? Multi-billion dollar mutlinational companies keep offshoring their profits in order to avoid paying taxes (which makes our deficit worse) they convince Americans to fight amongst themselves. If you want to create jobs and reduce the deficit, raise the minimum wage and change corporate tax laws. Of course, if you want to continue to belive that tax cuts for wealthy create jobs (which they don't) and allow corporations and the wealthy to continue to make you cover more and more of the costs of maintaining infrastructure, funding the military and other government services, then keep voting Republican. Hopefully someday you wake up and realize what's been going on since Reagan took office.

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  4. My spring chicken of a Mom is turning 75 years young. She is a big fan of Frankie and I think she would get a big kick out of the film. I wanted to take her to the Broadway play but am priced out. Thanks for your time and consideration. Oh yea, Wildwood! Joie

  5. I thought this company would go bankrupt in 2013/2014. I predicted that four years ago. I was wrong. It will take another couple of years, but they will get there.

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